Founded in 1929, Supreme Security Systems provides security alarm monitoring services to clients primarily in the New Jersey market. Their portfolio includes electronic security services, such as intrusion, video, fire and access control systems, as well as UL-listed, FM approved, TMA Five Diamond certified alarm monitoring. The company has an outstanding reputation with its tenured client base and is known for providing best-in-class service. Total annual sales amount to approximately MUSD 10 (MSEK 90), mainly driven from its recurring monthly revenue (RMR) base.
“This acquisition strengthens Securitas’ position as a leader in protective services and continues our journey towards our ambition to double the size of our security solutions and electronic security business. Supreme Security Systems’ strong recurring revenue base complements our North American electronic security business model and enhances our footprint in a population dense strategic market,” says Tony Byerly, President Global Electronic Security, Securitas AB.
The acquisition-related costs are expected to be MSEK 12, recognized across 2022 and 2023. The acquisition is expected to be EPS accretive as of 2022 and will be consolidated in Securitas as of December 1, 2021.
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